The U.S. dollar’s rally has entered “overstretched territory,” analysts at UBS warned on Monday, following a sharp rise in the dollar index (DXY) driven by geopolitical tensions and economic policy statements from President-elect Donald Trump. Key Developments Dollar Index Climbs: The DXY index surged 0.5%, crossing 106 points after Trump …
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The GBP/USD currency pair experienced a significant downturn on Monday, snapping a three-day winning streak and falling below the crucial 1.2700 level. This decline was primarily driven by a combination of factors, including a lackluster economic calendar for the UK and a stronger US Dollar.US Economic Data Drives Dollar HigherThe …
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The US Dollar gained nearly 1% on Monday, driven by political developments in France and tariff threats from President-elect Donald Trump. Trump’s weekend tweet warning BRICS nations of 100% tariffs if they continue their de-dollarization efforts sparked a strong bid for the US Dollar in Asian markets.In Paris, Prime Minister …
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Oil prices advanced on Monday, driven by optimism over robust factory activity in China and renewed geopolitical tensions in the Middle East. However, concerns over potential oversupply in 2025 continued to cap gains. Market Movement Brent crude: Rose 57 cents (0.79%) to $72.41 per barrel by 0700 GMT. West Texas …
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Gold prices edged up on Friday, lifted by a weakening dollar and ongoing geopolitical tensions. However, the gains were not enough to offset a sharp decline earlier in the week, leaving gold on track for its worst monthly performance since September 2023. The price increase came despite a broader rise …
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Gold prices have surged in recent weeks, fueled by escalating geopolitical tensions and concerns about global economic stability. As the Russia-Ukraine conflict continues to escalate and the Middle East remains a volatile region, investors have sought refuge in gold, driving its price to levels not seen in years. A Perfect …
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President-elect Donald Trump is expected to select a new chair for the U.S. Securities and Exchange Commission (SEC) soon. Among the top contenders is current SEC Commissioner Mark Uyeda, who has outlined a plan to position the U.S. as a global leader in cryptocurrency. This article explores Uyeda’s proposed strategies …
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Gold prices have surged in recent weeks, driven by a confluence of factors including escalating geopolitical tensions, economic uncertainty, and a weakening US dollar. As investors seek safe-haven assets, gold has emerged as a preferred choice, reinforcing its traditional role as a hedge against inflation and market volatility.Geopolitical Tensions Fuel …
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As the year draws to a close, investors are keenly watching for the much-anticipated “Santa rally,” a phenomenon where stock markets tend to rise during the final trading days of December and the first two trading days of January. Historically, this period has seen positive momentum, driven by factors such …
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On January 20, 2025, President-elect Donald Trump will officially take office after winning the 2024 presidential election. This calls for a closer look at the key policies expected to be implemented by the Republican president upon assuming power. Trump’s policies primarily focus on imposing more protectionist measures, including tariffs on …
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